Palo Azul is a producing conventional oil field located onshore Ecuador and is operated by EP Petroecuador. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 18 (Palo Azul). Buy the profile here.
Smarter leaders trust GlobalData
Field participation details
The field is owned by EP Petroecuador.
Production from Palo Azul
The Palo Azul conventional oil field recovered 96.01% of its total recoverable reserves, with peak production in 2006. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 1% of the country’s daily output.
About EP Petroecuador
EP Petroecuador (Petroecuador) is a state-owned integrated oil and gas company. The company transports, stores, processes and markets oil and petroleum products in the domestic and international markets. The company also provide Fuel Price and Consultation of Electronics Invoices services. It operates three refineries, namely, Esmeraldas refinery, Libertad refinery and Shushufindi refinery, in the Amazon and Coastal regions to produce fuels for supply across the country. Petroecuador operates both crude oil and petroleum products. The company also operates storage terminals in the country. It also manages and operates gas stations. Petroecuador is headquartered in Quito, Pichincha, Ecuador.,
For more details on the Palo Azul Conventional Oil Field, buy the profile here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
